DarkIris Inc. Announces Pricing of Initial Public Offering

Rhea-AI Summary

DarkIris (NASDAQ:DKI), a mobile digital gaming technology company, has announced the pricing of its Initial Public Offering (IPO) of 1,500,000 Class A ordinary shares at $4.00 per share. The company expects to raise $6.00 million in gross proceeds from the offering.

Trading is set to commence on August 8, 2025, on the Nasdaq Capital Market under the symbol "DKI". The underwriters have a 45-day option to purchase up to 225,000 additional shares. The IPO proceeds will fund operations team expansion, product development, and working capital. US Tiger Securities is serving as the sole book runner for this firm commitment offering.

Positive

• IPO expected to raise $6 million in gross proceeds
• Listing on major exchange (Nasdaq Capital Market)
• 45-day option for additional share purchase indicates confidence in demand
• Clear allocation of funds for team expansion and product development

Negative

• Relatively small IPO size may limit institutional investor interest
• Single book runner might indicate limited market reach
• Competitive mobile gaming market poses growth challenges

Insights

IPO Market Analyst

DarkIris Inc. prices modest $6M IPO at $4 per share, signaling cautious entry into public markets with focus on mobile gaming expansion.

DarkIris Inc., a mobile gaming developer, has priced its IPO at $4.00 per Class A ordinary share, raising gross proceeds of $6.00 million by offering 1.5 million shares. This represents a relatively small public offering in the technology sector, where gaming IPOs typically raise substantially more capital.

The company has secured a Nasdaq Capital Market listing under the ticker "DKI" with trading set to commence on August 8, 2025. The underwriters, led by US Tiger Securities as the sole bookrunner, have a 45-day option to purchase an additional 225,000 shares at the offering price.

What's particularly telling is DarkIris's allocation of proceeds, which prioritizes team expansion, product development, and working capital. This suggests the company is in a growth phase, focusing on scaling operations rather than debt reduction or major acquisitions.

The modest raise size may indicate either conservative growth plans or challenging market conditions for gaming IPOs. For context, the mobile gaming market is highly competitive with significant user acquisition costs and platform dependency risks, as DarkIris relies on third-party digital storefronts for distribution.

This Hong Kong-based company's 100% firm commitment offering structure (versus best efforts) demonstrates underwriter confidence in placing the shares, though the relatively small offering size limits major institutional participation and suggests a targeted investor approach.

Hong Kong, Aug. 07, 2025 (GLOBE NEWSWIRE) -- DarkIris Inc. (the "Company" or "DarkIris"), a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games through various third-party digital storefronts, today announced the pricing of its initial public offering (the "Offering") of 1,500,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on August 8, 2025 under the ticker symbol "DKI."

The Company expects to receive aggregate gross proceeds of US$6.00 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 225,000 Class A ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about August 11, 2025, subject to the satisfaction of customary closing conditions.

Net proceeds from the Offering will be used for: (i) expansion of the operations team and rewards to existing team members; (ii) product development, and (iii) working capital and other general corporate purposes.

The Offering is being conducted on a firm commitment basis. US Tiger Securities, Inc. is acting as the sole book runner for the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") (File Number: 333-288004), as amended, and was declared effective by the SEC on August 7, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering, when available, may be obtained from US Tiger Securities, Inc., Attn: 437 Madison Avenue, 27th Floor, New York, NY 10022, or by email at ecm@ustigersecurities.com, or by calling +1 (646)-978-5188. In addition, copies of the final prospectus relating to the Offering, when available, may be obtained via the SEC's website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About DarkIris Inc.

DarkIris Inc. is a comprehensive technology enterprise based in Hong Kong, engaged in the development, publishing and operating of mobile digital games through various third-party digital storefronts. The Company conducts its business through its subsidiaries, Quantum Arts Co., Limited and Hongkong Stellar Wisdom Co., Limited. The Company’s activities include game design, programming and graphics, as well as the distribution and operation of mobile games across multiple platforms. DarkIris leverages (i) the innovative, creative and technical expertise of Hong Kong’s gaming industry community, and (ii) the multicultural environment and diverse interests of mobile game players in the regions. The Company’s goal is to create and promote a broader array of engaging, immersive, and captivating mobile game genres for a global audience. The Company is committed to consistently showcasing exceptional strength and unique allure across diverse gaming sectors, leading the way in pioneering advancements within the industry. For more information, please visit the Company’s website: www.darkiris.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “potential,” “intend,” “plan,” “believe,” “likely to” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

For more information, please contact:

DarkIris Inc.
Investor Relations Department
Email: dki@darkiris.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

When will DarkIris (DKI) start trading on Nasdaq?

DarkIris (DKI) is scheduled to begin trading on the Nasdaq Capital Market on August 8, 2025.

How much is DarkIris (DKI) IPO priced at?

DarkIris has priced its IPO at $4.00 per Class A ordinary share, offering 1,500,000 shares.

How much money will DarkIris (DKI) raise in its IPO?

DarkIris expects to raise $6.00 million in gross proceeds from the IPO, before deducting underwriting discounts and related expenses.

What will DarkIris use the IPO proceeds for?

The proceeds will be used for operations team expansion, product development, working capital, and general corporate purposes.

Who is the underwriter for DarkIris (DKI) IPO?

US Tiger Securities, Inc. is acting as the sole book runner for the IPO.